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Re: sidsaldanha post# 8661

Thursday, 08/18/2016 12:42:19 PM

Thursday, August 18, 2016 12:42:19 PM

Post# of 9091
I was going back thru the HLXW posts, and noticed this one regarding being unable to place an order for HLXW.

Per that experience at Fidelity, some brokers may not let customers buy all or some penny and sub-penny stocks. However, other brokers including discount brokers do take orders for HLXW and many thousands of other such stocks as long as they are publicly traded on markets such as OTC. Per FINRA and SEC rules, the best prices also are displayed on Level 1 and 2 quotes (when appropriate to do so). Other customers and I have bought loads of these over the years. Huge numbers of stocks that often had low or even zero volume for extended periods even became hyperactive and skyrocketed. This was most especially the case during pot mania in 2014 and in similar situations. :) Some traded BILLIONS of shares per day!!

Various discount brokers charge their usual commission of about $5-10, but one thing to watch out for is that some may have an extra charge for stocks below $1.00 or other price. Sometimes it may not be a lot, but obviously it may be better to avoid it when possible.